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Grayscale’s chief legal officer Craig Salm said on Jan. 12 that he does not expect the recent spate of events in the crypto space to impact its case against the SEC. Recent crypto events won’t impact Grayscale’s case According to him, the lawsuit is about “determinations on questions of law.” He added that despite the SEC’s…
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Grayscale Bitcoin Trust (GBTC) is trading at a record-low discount of 49.20% to the underlying assets’ net asset value (NAV), as of Dec. 8. Source: Tradingview According to ycharts data, GBTC shares are trading for $8.11 at a discount of 47.27%. GBTC’s discount raises crypto community concern The crypto community has become increasingly concerned with…
Grayscale Bitcoin Trust (GBTC) shares are selling at a record discount of 42.69% to the underlying asset’s value following FTX’s implosion and fears of market contagion. According to Ycharts data, GBTC shares are trading for $8.75 as of press time, which represents a 74% decline on the year-to-date metric and an 84% drop since Bitcoin…
Bitcoin (BTC) is close to forming a real bottom after an entire month of trading below its realized price, according to Glassnode’s latest weekly report. According to the report, current market conditions suggest that market bottom formation is near. A bottom formation usually happens when there are “large positive swings in unrealized profit and loss”…
Grayscale has said in a report that the current crypto winter could last for another 250 days, based on previous market cycles. According to Grayscale’s “Bear Markets in Perspective” report, a crypto market cycle has an average life span of 4 years (1275 days), and a bear market begins when the realized price moves below the…
Bitcoin (BTC) fell below $20,000 after the SEC rejected Grayscale’s application to turn its Bitcoin trust into a spot Bitcoin ETF. BTC was trading at $18,934 at its lowest following the news but has since marked a small recovery and was trading at $19,047 as of press time, according to CryptoSlate data. Source: TradingView SEC rejects Grayscale and…
đź‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions! Grayscale CEO Michael Sonnenshein said pension funds are considering Bitcoin as an asset class for diversifying their portfolio. He said this during a CNBC interview on June 10. In his opinion, the crypto market decline has not affected the interest being…
The latest weekly digital assets fund flow report from Coinshares has revealed a drastic reduction in the weekly investment outflows in the crypto space. According to the report, the weekly outflows dropped to $7.2 million, and the total outflows in the last three weeks amounted to around $219 million. Interest in Bitcoin and Ethereum investments…